HDFC to pick up 20% stake in Mumbai ARC

By Beena Parmar

  • 25 Nov 2020
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Credit: 123RF.com

India’s largest private-sector mortgage lender HDFC Ltd is set to foray into the asset reconstruction business as it has announced the acquisition of nearly 20% stake in a Mumbai-based ARC.  On Wednesday, HDFC said it will acquire the stake in Renaissance Investment Solutions ARC Pvt. Ltd for Rs 49.8 lakh ($67,393.7).  The ......

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